The Academy of Motion Picture Arts and Sciences has already raised $100 million towards the development of a museum dedicated to the history of movies.
The non-profit organisation has a goal of $250 million to raise for the Academy Museum of Motion Pictures and has already raised a substantial amount of that, despite only launching the campaign earlier this year.
Donations to the scheme have been received from private donors, as well as from some of the major Hollywood film studios. According to The Wrap, The Walt Disney Company, NBCUniversal, Sony Pictures Entertainment, Twentieth Century Fox, Warner Bros. and Lionsgate have all contributed to the scheme so far, as have a number of Academy members, including the co-chairs and their families, as well as past Academy Governors. The campaign for cash was promoted and chaired by prominent industry figures such as Annette Bening, Tom Hanks and Walt Disney’s chairman Bob Iger.
The museum itself will be housed in the former May Company building in Los Angeles, which is owned by the Los Angeles County Museum of Art. The building will be leased to the academy. The redesign of the building is being overseen by Renzo Piano, who was responsible for designing LACMA’s Broad Contemporary Art building and the Resnick Pavilion. The museum is expected to open in 2016 and will feature restored street-front facades “and construct a spherical glass addition at the back of the building, which will house a theater.”